To encourage new development, the Morgan County Economic Development Corporation facilitates quick turnaround of customized local incentive offers. MCEDC also helps to accelerate the local permitting process for building permits and technical plan review.
Companies may qualify for tax phase-ins (abatements) on Morgan County capital investments in both real property (projects involving new construction, expansion, or renovation) and personal property (projects involving the acquisition and installation of new manufacturing equipment, research and development equipment, logistical distribution equipment, and information technology equipment).
The Town of Mooresville, City of Martinsville, and Morgan County governments have designated Tax Increment Financing (TIF) areas to enable support for economic development projects through infrastructure improvements and/or workforce training based on job creation and capital investment.
Take a look at these economic development areas up close by selecting TIF Districts under Map Contents with this interactive eGIS map.
The Morgan County EDGE (Economic Develpment for a Growing Economy) Program can reimburse a company's EDIT (Economic Development Income Tax) based on the amount of payroll paid to Morgan County residents. The EDGE incentive uses a scoring system based on the number of jobs, the average wage, the amount of capital investment, and the type of job classifications to determine the length of the program, ranging from one year up to seven years. This is the first locally developed incentive of its kind in Central Indiana and is in addition to possible execution of an EDGE tax credit contract with the Indiana Economic Development Corporation.
The Revolving Loan Fund is our in-house microloan program providing small and emerging businesses in Morgan County’s rural areas with low-interest loans up to $25,000 for fixed assets, machinery and equipment, and working capital. There are also microlending options up to $50,000+ available through our partners at Business Ownership Initiative and Flagship Enterprise Center.